My suggestion is to break the learning process up into manageable pieces, and try to grow daily instead of burning out with too many competing ideas.4) There is No Get Rich Quick Here: Sorry real estate is a great way to get rich and wealthy, but is takes time (primarily focused on learning and executing).

And start executing on it intentionally.2.

Your contractor or project manager should be first on the scene.Rule #5: Expect the UnexpectedNo matter how good you are at planning and executing your vision, things happen.

Instead of computer systems trading stocks, these institutions rely on people and paper forms to process the more one-off types of transactions that happen in non-traditional assets like real estate.If you stop at this layer, you have a 3rd party processor that holds the funds and executes transactions at your request. 

Howard essentially non existant. 

Some contractors provide 'rough' estimates with a rough outline of the work, some have told me they can produce a bill that can directly be executed on.- Any comment on reasons to flip or not to flip :)Thanks,Mussa

My goal is to fundraise $1M to help execute my first multifamily deal.To get to that point I have done the following:-Started my website about multifamily investing -Post weekly blog posts-Created a podcast-Reaching out to professionals like yourself to help educate myselfLast year I was scared to put myself out there and go for my goals.Now I’m excited everyday to make an impact and to accomplish my goals.I THANK YOU BP FOR HELPING ME CHANGE MY MINDSET!

I would check with a realtor on those updates again, then execute your plan.

Chris, sadly, I don't think I can answer all your questions, but I do think I might have some information that is helpful...and hoping other investors know.If you plan on being your own GC, I believe you will need to be licensed and insured in the city not only to execute work above water, but also if you (or if you GC'd another investor's property) for any hard money loans.

. • Followed by Terms of Sale, • Instrument to be Foreclosed, • Appointment of Substitute Trustee, • Obligation Secured, it says Deed of Trust or Contract Lien executed by (name), securing the payment of the indebtedness in the original principal amount of $XXX.XX, and obligations therein described including but not limited to the promissory note My questions is if the amount listed under the obligation secured is the minimum dollar amount to offer a seller in order to prevent the property to foreclose?